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20121201
20121201
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is sitting just to the west of washington state. and all these storms are streaming in right into northern california. and we are looking at moderate rain at this time across northern california into southwestern oregon and also up in the seattle and the coast of washington state. now tomorrow we are actually going to see even heavier rain start to move in. we have already had reports of about 8 to 10 inches of rainfall already from the past few storms we've already seen. but we've also gotten reports of wind gusts up to 60 to more than 80-mile-per-hour. and we're going to see more of the same if not a little more intense as we go into sunday morning. additional rainfall totals on top of the 8 to 10 inches on the ground could be an additional 5 to 6, 7 inches of rainfall out of what we'll see tomorrow morning. we have the series of storms moving into the west coast. then it's a totally different story right in the middle of the country. we're also talking about record-break heat today. down into dallas and also into san antonio where temperatures should get into the upper 70s and lower 80s
and back to the point we were talking about, the negotiations in washingtons. the at some point, somebody, maybe the republicans have to speak up ab defend the real economy against the sort of policies they're talking about down there. >> they get wrapped up in the insider baseball and we're guilty of that, too, and playing to that and people out there. what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury,
putting partisan politics ahead of what is good for america. even the "washington post" is calling him out saying he has no intention to negotiate. writing: >> sean: let me repeat, the offer lacks any concessions. if you want the most recent concrete evidence of how irresponsible president obama is, you need look no further than his opening bid in budget talks. the proposal awd to republicans late yesterday courtesy of tax cheat geithner calls for the following: 1.6 trillion dollar tax increase, increasing rates on incomes over $250,000. 150 billion dollars in new public stimulus spending of which 50 billion would be spent next year. another extension in unemployment benefits, 30 billion. new power to raise the federal debt limit without congressional approval. in other words, an obama blank cheque. that is not all. he also wants the estate tax to be levied at 45% on inheritances a step even democratic senators are balking on this current is 35%. the obama offer contained no serious cuts, no serious reforms to entitlement programs and no serious proposals of tax reform this president had t
real estate in the baltimore-washington area. >> i am not sure with what will happen on the tax treatment of that stuff. i long it for long-term fort foalos. david asbin is coming up on forbes on fox. you are watching all things news. you are watching fox and now dave and now. well, liberal are fanning in america today pushing the president's agenda for tax increases with few if any spectaculars about spending cuts. many of these are specific about what they don't want cut and don't touch entitlement spending echoed by democraticic lawmakers. >> i think social security should be taken off from the table. >> moment yoize social security or voucherize medicare or block grant medicaid you lose us. >> but the new forbes report showing that more people in the states are taking money from the government than the private sector, can our nation afford a deal that doesn't put so-called entitlements on the table. i am dave. we'll go to. mike, to you. we have to put entitlements on the table? >> for the sake of the over all economy we must put enments on the table. over the last four years
, washington bureau chief of "chicago sun-times." ladies, good afternoon. >> hello to you. >> molly, senator dick durbin saying right here on tuesday on "morning joe" that he could see $400 billion, at least $400 billion in entitlement cuts. is that going to be as hard of a sell to the left as raising rates will be to the right? >> in a word, yes. there are a lot of democratic groups right now really pushing for no changes to entitlements and no cuts to entitlements, medicare, social security and also medicaid is a big concern for a lot of unions, a lot of progressive groups who are really trying to push the democrats to hold their ground on this. however, the administration has signaled they could be open to some kinds of changes, potentially the kind of stuff that mitch mcconnell is talking about. i think what we're seeing is that the president's negotiating strategy sort of starting to have an effect. democrats saying we're not going to budge until we get specifics from you and the republicans starting to cough up a few of those specifics now. >> lynn, polls, of course, show public opinio
sweaters. >> we are also talking about as julia was commencing there the fiscal cliff now what washington the gridlock means i think it's most telling because what senator matt baucus from montana said we have 31 days left yet. we are not near a deal yet. we can't expect any sort of a deal with any weeks before christmas i would think. >> the big knock on the president through the this process has been a failure to lead. i think one that sticks rather well. because, instead of sitting down with john boehner. instead of trying to hash something out. he is out there again campaigning, gives speeches, instead of being the one that sits down and gets this deal down. here is the president on again what appears to be the campaign trail yesterday in pennsylvania. >> santa delivers everywhere, i have been keeping my own naughty and nice list for washington. >> [ laughter ] >> you should keep your eye hun gets some connects this year. some members of congress who get them and some who don't. i'm ready to sign it. there are no shortage of pens in the white house. and i carry one around for an emerg
right now in washington, and i was cheered to see the president's opening bid, but the consensus in washington is that we have to come up with a grand bargain, dot dot dot we have to do something with entitlements. this is the big thing. something about entitlements. i just don't understand why that's the case. the reason i don't understand why that's the case is the big problem is the rate of growth of health care costs. i think we can all agree on that, right? >> yes. >> now medicare -- the rate of growth in medicare is significantly lower than the rate of growth of health care costs in the private sector. it's doing a better job of controlling cost relative to the private sector. then we just passed a huge bill that was incredibly contentious, which is called the affordable care act. the vast majority of the legislative language of which is about controlling costs in health care over the future. so it seems to me like the reasonable thing to do is to wait four years, five years, implement the bill and see if the cost control measures that have been put it in place, fought abou
for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, can you believe that? there'll be some spending cuts to apiece the republicans, too, once they've bothered to identify the cuts they actually want. as much as some may believe that there's no incentive to run partisanship, the dramatic rates of income these fiscal rates give to tens of millions of americans who happen to be voters. of the 2 million jobs that could be lost, 1 million of them will most likely comes from the defense sector. at a time when china is rising. you see those planes land on that aircraft carrier this week? the middle east is boiling. i don't know. did we really want that big defense budget cut? i mean, maybe nothing more than the decline in spending is the war in afghanistan winds down. saving about half a trillion dollars over the time. maybe more. the areas where the defense job losses take place they look mighty red to me, at least on the electoral map. yes, you'll have to say goodbye to the fabulous 15% dividend rates and the capital gains
Search Results 0 to 7 of about 8